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            Example 4: The daily wages (in `) of 10 workers of a factory are given as:

                         1432, 1441, 1528, 1554, 1435, 1526, 1323, 1333, 1438, 1440
                         Answer the following questions.
                       (a)  What is the minimum wage?

                        (b)  What is the maximum wage?
                        (c)  What is the range of the daily wages of the workers?

            Solution: Arranging the daily wages (in `) of 10 workers in ascending order, we get
                         1323, 1333, 1432, 1435, 1438, 1440, 1441, 1526, 1528, 1554
                       (a)  The minimum wage is `1323.
                        (b)  The maximum wage is `1554.

                        (c)  The range of the wages = `1554 – `1323 = `231

            Representative Values of Data


            A numerical value that represents a generalised picture of the data is known as the representative
            value of the data. It is also known as a measure of the central tendency of data.

            It is a single value that reflects the average value, i.e., it is the approximate middle value of a set of
            data. There are three common representative values, namely, mean (arithmetic mean), median,
            and mode.

            Arithmetic Mean or Mean

            The arithmetic mean or mean is an average of group of observations.

                                                               Sum of all observations
            Arithmetic mean or Mean or Average (A.M.) =
                                                               Number of observations

            The arithmetic mean of n observations x , x , x , x  , x , …., x  is given by
                                                                              n
                                                                   4
                                                                       5
                                                               3
                                                        1
                                                            2
                     x + x +  x + ...  + x   ∑  x
            A.M. =    1    2   3        n   =
                              n               n
            where Sx shows the sum of the observations                                The symbol S is called ‘summation
                                                                                      or sigma’ and is used for word
                             Sx =  x + x + x + x  + x + …. + x n                      ‘the sum of ’.
                                             3
                                                 4
                                                      5
                                    1
                                        2
            We can also represent arithmetic mean by x .
            Example 5: Find the arithmetic mean of the following observations.
                         14, 21, 48, 27, 14, 10, 49, 21, 23, 29
            Solution:  Total number of observations = 10
            Sum of the observations = 14 + 21 + 48 + 27 + 14 + 10 + 49 + 21 + 23 + 29 = 256
            We have,

                                          Sum of all observations
            Arithmetic mean (A.M.) =                                                    For finding mean, it is  not
                                         Number of observations                Note:    necessary to arrange the given

                                         256                                            observations in ascending or
                                   x  =       = 25.6                                    descending order.
                                         10

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